SAN JOSE — Ross Dress for Less is eyeing a new store in west San Jose after the merchant struck a deal to take over a shuttered Rite Aid store, adding to a number of recent lease agreements at multiple locations in the Bay Area, property records show.
According to documents filed on Sept. 18 with the Santa Clara County Recorder’s Office, the discount apparel retailer most recently leased a now-empty 21,100-square-foot building at 1550 Hamilton Ave.
Entry area of an empty building where Ross Dress for Less has leased space for a new store at 1550 Hamilton Avenue, as seen in 2023. (Google Maps)
The store site is part of a shopping center at the corner of Hamilton Avenue and Meridian Avenue in San Jose’s Willow Glen district. Safeway, Gold’s Gym, Tomato Thyme, Dry Creek Grill and BMO bank are among the other merchants there.
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Ross and the property’s owner, an affiliate controlled by Schottenstein Property Group, reached the leasing agreement in August.
The lease consists of an initial rental term of 10 years, county records show. The agreement also enables four extensions, each of five years.
Ross Dress for Less appears to be scouting for additional sites in the Bay Area, Santa Clara County records show.
In December 2024, Ross Dress for Less disclosed through a property filing that it had leased 23,700 square feet at 1030 South White Rd. in east San Jose.
In April, the retailer agreed to lease roughly 25,000 square feet at 1125 and 1145 Arnold Dr. in Martinez, Contra Costa County documents show.
The collapse of the Rite Aid pharmacy chain nationwide has created opportunities for still-robust retailers such as Ross to find low-cost sites to lease in the Bay Area.
Rite Aid filed for bankruptcy in 2023 and has since revealed plans to close at least 800 stores nationwide. Pennsylvania-based Rite Aid is also cutting jobs in the Bay Area.